The Quality Effect : Does Financial Liberalization Improve the Allocation of Capital? /

The study documents evidence of a "quality effect" of financial liberalization on allocative efficiency, which is measured by the dispersion in Tobin's Q across firms. Based on a simple model, the authors predict that financial liberalization, by equalizing access to credit, reduces t...

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Detalles Bibliográficos
Autor Principal: Abiad, Abdul
Outros autores: Oomes, Nienke, Ueda, Kenichi
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/112
Acceso en liña:Full text available on IMF

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